Industry News

Brazil's national oil company is exploring the prospect of exporting liquefied natural gas from its giant offshore fields.

Crude oil stocks, not including the SPR, stood at 428.9 million barrels on August 21, the EIA's latest weekly petroleum status report showed.

'Emerald AI's software platform enables the coordination of AI computing workloads and onsite energy resources with real-time grid conditions'.

The California-based startup said it had successfully completed a demonstration project at a refinery in Thailand for its carbon capture system, which deploys a proprietary potassium-based chemical sorbent through custom designs.

Oil exports from the Persian Gulf have recovered to around two-thirds of pre-war levels, according to Goldman Sachs Group Inc.

'The first three of 92 horizontal wells now being drilled makes all the difference in the world to us', EON CEO Dante Caravaggio said.

BW LPG reported $340.8 million in shipping revenue for the second quarter, up from $230.5 million for the same three-month period last year as a dramatic increase in spot rates offset fewer operating days.

'In the second half of the year, we will spare no effort to increase reserves and production', CNOOC Limited Chairman Zhang Chuanjiang said.

The country's state oil marketer, SOMO, is offering Basrah Medium and Heavy that can be collected by ship-to-ship transfer near the Omani coast next month via a tender.

Oil rose as doubts grew over a broader US-Iran agreement.

The owners of the 800-mile Trans Alaska Pipeline System are seeking to renew its federal land authorization more than seven years before it expires.

Enbridge signed a deal to acquire Salt Creek Midstream's crude gathering business for $600 million in cash, growing its capacity to export oil from the Permian Basin.

Africa has emerged as the center of a global upstream acreage rush, Enverus Intelligence Research said.

The Canadian biogas producer said the improvement was driven by an increase in output to a record 54,675 gigajoules.

'Production from the Skarv Satellites is expected to account for a significant share of Aker BP's production in the Skarv area for several years'.

One of the hottest technologies to squeeze more oil from U.S. shale fields is better soap.

Naeem Aslam, CIO at Zaye Capital Markets, outlined a 'key catalyst'.

TotalEnergies completed the transfer of its impaired 10 percent stake in Russia's Arctic LNG 2 project to Novatek.

Spirit Energy announced that it has completed a $54 million UK North Sea decommissioning campaign.

The two countries, which exported a combined two million barrels a day of oil before the outbreak of the Iran war, have managed to get shipments back to 70 percent of pre-conflict levels, according to traders.